1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Igoryamba
2 years ago
8

Suppose that $2000 is loaned at a rate of 11.5% , compounded semiannually. assuming that no payments are made, find the amount o

wed after 5 years. do not round any intermediate computations, and round your answer to the nearest cent.
Business
1 answer:
Zolol [24]2 years ago
6 0

This problem is solved by using the compound interest formula:
 A=P(1+(I/period))^(number of periods)
 Where A = amount accumulated and P = amount loaned and I = Interest 
 A = ? P = $2, 000, I = 0.115, Period = 2 (semi annually) Number of period = 2
*7 (I. e paid twice over a 7 yrs span) 
 So we have 
 A = 2000 ( 1 + 0.115/2)^(14)
 A = 2000 ( 1 + 0.0575)^(14)
 A = 2000 (1.0575)^(14)
 A = 2000 (2.1873851765154) = 4374.77035
 So we have 4374.80 to the nearest cent.
You might be interested in
Do all rational consumers think alike why or why not
jeka57 [31]
Being rational does not necessarily mean that you have to think what others might be thinking for rationality means you consider what is most beneficial and try to balance it out with the negative effects of a specific actions. The benefits and detriments of a certain act might be varied in each person. 
4 0
2 years ago
Health Wise Corporation has developed a new diet supplement to assist with weight loss. Which type of legal protection grants He
NeX [460]

Answer:B) Copyright

Explanation:

A copyright is a legal protection that gives the original inventors of a product the exclusive right to manufacture, sell ,use a product for a limited time.

A copyright prevents others from duplicating a product during the years the copyright is active.

A trademark is a logo of a brand , product or company.

Patent is a legal right given to an inventor that prevents others from using ,duplicating or selling the invention for a period of time usually twenty years.

A warranty is an agreement between a buyer and a seller where the seller agrees to replace or make repairs when certain damages occur to a product within a specified period.

Treaty is a written agreement agreed to by countries and international organisations.

3 0
3 years ago
Read the following descriptions of several different environments. Based on the information given, sort each environment into th
Varvara68 [4.7K]

Answer:

Have been mechanical weathering to prevail.

A chilly, humid atmosphere at high altitude, where freezing and thawing are prevalent.

An uplifting dry cold atmosphere wherein material is eliminated out of an inherent pluton / intrusive igneous rock by erosion.

Weathering of chemicals would prevail.

A warm atmosphere with several brief but intense rain storms. A warm and humid atmosphere with intense rainfall that happens all year round.

A warm and wet atmosphere with annual precipitation above normal and many turbulent seasons annually.

6 0
3 years ago
Lili spent $120 on a new sweater rather than using this money to buy her personal finance textbooks. The cost of doing without t
Serjik [45]

Answer:

opportunity cost

Explanation:

The opportunity cost is the cost that is incurred for purchasing any other thing in place of one thing or we can say it is a sacrification done to purchase another thing

Here in the question it is mentioned that the Lil spent $120 for purchasing a new sweater instead of buying her finance textbooks also the cost of buying the sweater is known as the non doing textbooks cost

So here it is a opportunity cost

5 0
2 years ago
In a free market, how might Italian restaurants react to a shortage of pizza?
Contact [7]
They would raise the price so not as many people will order it I believe
3 0
2 years ago
Other questions:
  • Which of the following is usually used to connect a monitor to a computer?
    6·1 answer
  • Dane is a stockholder in smallworld, inc., a c corporation that manufactures amusement park rides. the company recently lost a m
    14·1 answer
  • The ________ is a set of phases that temporary groups go through that involves transitions between inertia and activity.
    12·1 answer
  • Tai min is a 14 year old girl who was encouraged by government officials to rent out her body for sexual purposes to help her co
    7·1 answer
  • Government can encourage entrepreneurs by
    7·1 answer
  • Adonis Corporation issued 10-year, 7% bonds with a par value of $220,000. Interest is paid semiannually. The market rate on the
    11·1 answer
  • Keys Corporation's 5-year bonds yield 5.10% and 5-year T-bonds yield 4.40%. The real risk-
    9·1 answer
  • The Safe-T Airbag Company manufactures airbags that are used in automobiles. Fly Motor Company manufactures automobiles in which
    10·1 answer
  • Why are adjustments needed at the end of an accounting period?.
    6·1 answer
  • A financial services firm that charges customers based on a percentage of the assets under management is best defined as:_______
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!